From individuals, to businesses in the private sector and government, we all have a responsibilityby Ben Wallace / October 10, 2017 / Leave a comment
Published in November 2017 issue of Prospect Magazine
As we know, the internet is fundamental to our domestic, industrial and international lives.
Where the internet opens up huge opportunities—an eighth of the UK’s GDP comes from the digital economy—we are also all too aware of the risks.
In May, we were exposed to the crippling impact that large-scale cyber-attacks can have on society when the WannaCry ransomware attacks hit the NHS amongst many other organisations, both in the UK and around the world.
The cyber threats we face continue to grow in scale and sophistication and cyber-crime is the most widespread.
It’s difficult to put an exact figure on the cost of cyber-attacks to the UK, but we do know it is likely to be in the billions.
The economic impact of cyber-crime is felt by most UK businesses—the Cyber Security Breaches Survey 2017 found that just under half (46 per cent) of all UK businesses identified at least one cyber-security breach or attack in the last 12 months.
I believe that every single one of us has a part to play in countering the threat of cyber-crime. From individuals, to businesses in the private sector and government, we all have a responsibility to ensure that the UK is one of the safest places to do business online and the public are properly protected.